Derivatives exchange Deribit announced that in view of the sharp market fluctuations, it will increase margin requirements in order to strengthen risk management. The volatility range variable will increase by 5% daily from 45% until it reaches 60%. At the same time, the maximum leverage for Bitcoin and Ethereum futures with expiration dates will be reduced from 50 times to 25 times, and perpetual contracts will not be affected. Deribit chief commercial officer Luuk Strijers said the platform’s reserves are secure and Deribit has “ample margin on all open positions.”